Good read with some great points, from TheDrive.com:
Toto Wolff Is Running Out of Excuses to Oppose Andretti Cadillac’s F1 Entry: GM-backed Andretti has the money, Cadillac’s name, and true intent. Why can’t F1’s top brass see the value in that https://www.thedrive.com/news/toto-wolff-is-running-out-of-excuses-to-oppose-andretti-cadillacs-f1-entry
Exactly. Yeah, Big Stroll, that's because the NHL is currently full, after a recent expansion where teams were allowed in without buying existing teams. So hilarious that he said that in Vegas, home of one of the most recent expansion teams in the NHL. F1, however, is not currently full-up. There are a couple of vacancies.
The teams don't really have a leg to stand on anyway re: "lost winnings". The truth is that they've benefitted greatly from extra winnings collected due to running a partial grid with winning shares based only on that partial grid. Some have said that winning shares should be based on a full grid, not on 10 teams in the first place, and imho that's spot on. What the teams are truly arguing is that they should continue receiving extra payment, not full payment. In fact, if Andretti entered today and the winnings were then split 11 ways, they would all still be getting extra payment, just not as much extra payment.
How long until they figure out that they could take an even bigger share of the money with even fewer teams on the grid? Better watch your cornholes, Haas, Sauber, Williams, etc.
Re: the dilution fee, Stroll should also note that the most recent fee paid by an NHL expansion team worked out to about $20M per existing team, which is what F1 is asking and what Andretti is willing to pay. Sounds to me like the existing teams would be getting a helluva deal, and they wouldn't even have to make any of their talent available to the new team the way existing NHL teams do when the new team enters.